Hantz Financial Services Inc. Takes $286,000 Position in ATS Co. (NYSE:ATS)

Hantz Financial Services Inc. purchased a new stake in shares of ATS Co. (NYSE:ATS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,847 shares of the company’s stock, valued at approximately $286,000.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of ATS by 55.0% during the fourth quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock valued at $33,000 after buying an additional 271 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of ATS by 37.7% during the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after buying an additional 1,140 shares during the last quarter. Steph & Co. grew its holdings in shares of ATS by 133.6% during the first quarter. Steph & Co. now owns 6,215 shares of the company’s stock valued at $210,000 after buying an additional 3,554 shares during the last quarter. Aigen Investment Management LP bought a new position in ATS during the fourth quarter valued at approximately $315,000. Finally, Dynasty Wealth Management LLC bought a new position in ATS during the first quarter valued at approximately $337,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Stock Up 0.4 %

ATS opened at $26.85 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. ATS Co. has a 1-year low of $26.44 and a 1-year high of $45.38. The company has a market capitalization of $2.63 billion, a PE ratio of 18.39 and a beta of 1.18. The firm’s 50 day simple moving average is $29.88 and its two-hundred day simple moving average is $32.53.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). ATS had a return on equity of 14.63% and a net margin of 6.11%. The business had revenue of $507.43 million during the quarter, compared to the consensus estimate of $502.41 million. As a group, equities analysts forecast that ATS Co. will post 1.54 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of ATS from $34.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lowered their price objective on shares of ATS from $36.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Finally, Scotiabank upgraded shares of ATS to a “hold” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.00.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.